hold

Ethereum's Potential Rally to $4,500 Faces Short-term Correction Risks

Based on the latest on-chain data, I expect Ethereum (ETH) to experience a bullish rally towards $4,500. However, I also observe a bearish RSI divergence that suggests a potential short-term correction before this upward move materializes.
Source available for registered users Sign Up Free

AI Analysis

The recent on-chain data for Ethereum indicates a strong bullish trend, with on-chain metrics such as transaction volume, wallet activity, and network valuation supporting a move towards the $4,500 ta...

AI Recommendation

Given the bullish on-chain indicators, I recommend cautiously accumulating Ethereum, particularly on any minor dips caused by short-term corrections. Monitoring RSI signals closely will be crucial to ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: